Construction spending slumps in June

Construction spending in the US declined in June, according to the US Census Bureau. Total residential spending declined 0.3 percent from May, although construction spending is 7.4 percent higher in June compared to last year.

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This chart shows total private residential construction spending dipping in June. Total residential spending declined 0.3 percent from May, although construction spending is 7.4 percent higher in June compared to last year.